Employment memo dated November 7, 2018 to J. Alexander Chriss dated November 7, 2018 and effective January 1, 2019
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EX-10.49 6 fy19q4-ex1049.htm EXHIBIT 10.49 Exhibit
Exhibit 10.49
November 7, 2018
Alex Chriss
Dear Alex,
You are a valued and important leader and you play a critical role in Intuit’s mission to power prosperity around the world. I’m delighted to confirm your promotion to Executive Vice President & General Manager, SBSEG. This promotion recognizes both the increased scope and impact your role has across Intuit, as well as your excellent performance.
I’m pleased to provide you with details of your new compensation which will be effective, January 1, 2019:
Current Base Salary | New Base Salary | ||||
$481,500 | $600,000 (+25%) | ||||
Current IPI Target | New IPI Target* | ||||
60% | 100% | ||||
Equity | |||||
FY18 Focal Award Grant | January 2019 Promotion Grant | ||||
$1,300,000 (Grant Value) | $2,150,000 | ||||
July 2019 Focal Award Grant** | |||||
*FY19 bonus will be prorated based on number of days in each position
** Subject to the terms and conditions of the Intuit Inc. 2005 Equity Incentive Plan and CODC approval
I look forward to seeing your success and development in this expanded role. I am confident you will continue to achieve great outcomes for Intuit and be a boundaryless leadership role model for others.
Congratulations,
/s/ Sasan Goodarzi
Sasan Goodarzi
EVP & General Manager, SBSEG
cc: Laura Fennell
